Meinhardt Texas, Inc. Announces Management Buyout to Strengthen its Services

Meinhardt Texas, Inc. announced on September 30, 2010 that Jeff Wu and Mark Stringer have acquired one hundred percent (100%) of the stock in the company and it has completed a management buyout from its former parent company, W.L. Meinhardt Group.  The U.S. operations were originally founded in 2003 by Jeff Wu and Mark Stringer with the support of W.L. Meinhardt Group and the company has continually proven itself to be a pioneer and leader in the healthcare consulting engineering market.

With the successful completion of this transaction, Meinhardt Texas, Inc. becomes a fully U.S. owned and operated company, independent from its former parent company and its subsidiaries.

The company will continue to be led by its existing management team of co-founders, Jeff Wu and Mark Stringer, who have been managing the day-to-day operations of the company since its inception.

The acquisition includes all current operations and staff.  The company will continue to operate under its current name for 180 days and continue to be based in Dallas, Texas. The company will be renamed within 180 days under its agreement with W.L. Meinhardt Group.

Jeff Wu stated, “We believe that becoming a locally owned business will give us the flexibility, independence and focus to further build on our existing growth and it reinforces our commitment to provide the highest level of engineering services and become a major provider of mechanical electrical and plumbing engineering services.”

Mark Stringer said, “We have a proven track record of successfully providing consulting engineering services, a solid base of clients, established relationships with key partners and a seasoned and knowledgeable management team. We also intend to become a certified minority owned business, which should provide additional benefits to our clients.”

 

About Meinhardt Texas, Inc.

Meinhardt Texas, Inc. is a leading consulting engineering firm with a focus on the public and private healthcare market throughout the United States and internationally. The company began its U.S. operations seven and half years ago and will continue to provide consulting engineering services in the following areas: mechanical, electrical, plumbing, fire protection, sustainability and commissioning.  


Acknowledgements

The management buyout team was advised throughout the process by Robert L. Callaway, a senior corporate attorney at the Dallas law firm of Underwood Perkins, P.C. and received the full support of W. L. Meinhardt Group.  The entire staff at Meinhardt Texas expresses gratitude to W.L. Meinhardt Group with whom it has had an enjoyable and supportive relationship over the years.